[Devils-list] Continental Airline in trouble

MikeNJ1109@aol.com MikeNJ1109@aol.com
Sun, 16 Sep 2001 16:43:07 EDT


In a message dated 9/16/01 1:55:23 PM Eastern Daylight Time, 
worlok@earthling.net writes:

<< All,
 
 This whole WTC thing means that Continental is laying off 12000 workers
 and may have to file for Chapt. 11 protection.
 
 >>---worlok----> >>

You'll note, though, that a number of airlines have said the same thing.  
With the economy in general...minus this whole WTC mess...there has been a 
drop off of business related travel, which is where the airlines get most of 
their revenue.  My impression is that while I believe what Bethune is saying 
is true about the financial straits of Continental, I also believe that the 
industry as a whole is making an effort for assistance from the Federal 
Government.  

Michael